Kinross secures low-cost power for Brazil’s largest gold mine
With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.
With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.
Company expects Côte Gold project to create as many as 1,200 jobs during the construction phase, estimated to last two years.
The Canadian company is set to invest $120 million to conduct underground gold mining for the first time in Guyana’s history.
Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.
Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.
Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.
The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.
The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.